Archive for February 10th, 2012

Members of Congress Benefit at Taxpayer Expense »

The headline of this Washington Post article summarizes the story pretty well: “Some legislators send millions to groups connected to their relatives.” Relatives in the story are legislators’ spouses and children. I recently blogged about the insider trading by members of Congress that would send ordinary citizens to jail. That story was uncovered in...
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The Fed’s Immiseration of People Who Live on Interest Earnings »

As I have noted previously, the Fed’s policy of acting to hold interest rates well below free-market rates in recent years has had the effect of greatly diminishing the earnings of people who rely on interest income. Such people include especially many retirees who do not wish to hold risky assets with substantial variability of...
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